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Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Monday, March 3, 2008

China Sky 030308

Seems like the resistance for China Sky is around the 1.60 level. After testing it a few times in the middle of feb, China Sky weakened considerably towards the end of feb.

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From the chart, you can see that China Sky is now trading very near to the long term downtrend resistance (upp red). If that breaks, we might see China Sky testing the 1.13 low on 23 jan.

For tomorrow :

Support @ 1.307 (blue), 1.27 (low pink, upp red), 1.167 (mid red)
Resistance @ 1.37 (mid pink), 1.42 (upp pink)

Good Luck !!
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